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What has your experience been with a credit union? (lemm.ee)

submitted 2 months ago by loopy@lemm.ee to c/personalfinance@lemmy.ml

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I like the idea of a less profit-driven business that is maybe more community-focused but I wonder if they have the same capability as a bank? Have you been able to do your banking needs at a credit union? Was the customer service decent?

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[–] scoobford@lemmy.zip 1 points 2 months ago

Hey, I'm a banker. Obviously, credit unions are smaller businesses than a large bank. If you haven't used a small bank before, note that it is different.

But the biggest thing that I can think of you may not expect is that credit unions are not insured the same as a bank. Some may be insured adequately for your needs, or they may not. Do your homework.